The allotment of coal blocks to steel, cement and power companies without an auction process has been at the centre of the so-called ‘Coalgate’ scandal, estimated to have cost the exchequer a loss of as much as Rs 1.86 lakh crore.
The Supreme Court Bench headed by Chief Justice R M Lodha in his final order on Coalgate Scam cancelled the 214 coal block allocations since 1993 and spared 4 coal blocks alone ( Coal blocks allocated to two mega power projects of Anil Ambani-led Reliance and one each of public sector Sail Authority of India Limited (SAIL) and National Thermal Power Corporation (NTPC).
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